The earnings season has officially kicked off, and the gusher of profits expected to be unveiled in 4Q2005 and year-end announcements by the majors and independents is expected to overwhelm any losses from last year’s hurricanes, industry experts said this week. On the pages detailing high profits, however, will be the challenges of finding new oil and natural gas, and the expectation by shareholders that the good times will continue to roll.
Overwhelm
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Texas Pilot Deregulation Sign-Up Fails to Overwhelm
If the Texas Public Utilities Commission is measuring the projected success of its deregulation program by the pilot program set to begin this summer, officials might wonder if they’re doing something wrong. Electric deregulation takes effect across the state on Jan. 1, but so far, it appears that customers — especially residential ones — are a little wary of how it works and what they will get out of it.
June 28, 2001